Illinois House Bill 1401 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $210 for each employee hired by the taxpayer during the taxable year to fill a newly created position multiplied by the number of consecutive months during which the employee is employed by the taxpayer. Provides that the taxpayer may elect to use all or a portion of the credit against its withholding tax liability. Provides that, if the amount of the credit exceeds the taxpayer's liability for the taxable year, the credit may be carried forward and applied to the tax liability of the 5 taxable years following the excess credit year. Effective immediately.

INC TX-NEW EMPLOYEE CREDIT

Rep. Bill Mitchell [R]	Rep. David Reis [R]	Rep. John Cavaletto [R]	Rep. Adam Brown [R]
Rep. Paul Evans [D]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2011-11-10	House	Added Chief Co-Sponsor Rep. Paul Evans
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-02-28	House	Added Chief Co-Sponsor Rep. Adam Brown
2011-02-16	House	Added Chief Co-Sponsor Rep. John D. Cavaletto
2011-02-16	House	Added Chief Co-Sponsor Rep. David Reis
2011-02-15	House	Assigned to Revenue & Finance Committee
2011-02-14	House	Referred to Rules Committee
2011-02-14	House	First Reading
2011-02-09	House	Filed with the Clerk by Rep. Bill Mitchell

Chapter	Article	Section	Citation Type	Statute Text
35	5	221	New Code	See Bill Text
35	5	704A	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1401&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB1401.htm